Quarterly report pursuant to Section 13 or 15(d)

Inventory

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Inventory
9 Months Ended
Sep. 30, 2014
Inventory Disclosure [Abstract]  
Inventory

NOTE 3 – INVENTORY

 

Inventory consists of the following as of:

 

    September 30, 2014     December 31, 2013  
Processed materials   $ 958,575     $ 986,674  
Total inventories   $ 958,575     $ 986,674  

 

At September 30, 2014 and December 31, 2013, inventory in the amount of $924,452 is stored at one of the Company’s suppliers, which is located in Germany.

 

During the three-month period ended September 30, 2014, the Company utilized $28,099 in astaxanthin as part of commercial product research and development.